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    Get a Bike Loan online of up to ₹ 30 lakh*

    Longing to buy your dream bike? ICICI Bank’s hassle-free Two-Wheeler Loan makes it possible. Whether it's a sleek sports bike or a reliable commuter or a comfortable cruiser, we have got you covered. Experience the convenience of applying online from the comfort of your home and get quick approval for loans up to ₹ 30 lakh*. With attractive interest rates and low processing fees, our online Bike Loan options ensure affordability. Choose a flexible tenure of up to 36 months and enjoy instant digital sanction with ICICI Bank's Two-Wheeler Loans.

     

    *Terms and Conditions apply

    Two Wheeler Loan - Interest, Fees, Documentation and Eligibility

    Two Wheeler Loan Interest Rate

    • Rate of interest: 10.25%* - 26.10%* per annum
    • Loan Processing and Documentation Charges:
      • Non-premium and Premium Vehicles: 4.75% of loan amount + applicable GST
      • Super Premium Vehicles: 3.5% of loan amount + applicable GST.

    1. Tenure: 12 months to 36 months.

     

    *A Two-Wheeler Loan follows a reducing rate, i.e. the interest decreases as the principal reduces with each EMI payment.

    Two Wheeler Loan Eligibility Criteria

    • Age: 21 – 65* years
    • Employment type: Salaried or Self-employed
    • Credit score:  >=700, -1 (insufficient credit information)
    • Nationality: Indian.

     

    *Borrowers must be under 65 years of age at the time of loan maturity.

    Documents required for a Two-Wheeler Loan

    Documents required:

    • Latest Salary Slip/Form 16 (for salaried applicants) / Latest ITR (for self-employed applicants)
    • Last 3 months’ bank statement
    • KYC documents: Valid identity proof, residence Proof and any other document as may be required by ICICI Bank.
    Apply for Two Wheeler Loan now

    Begin your bike search today!

     

    Use our comparison tool that will help you decide which bike is best for you

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    Dream Bike Search

    Features and Benefits of Bike Loan

    Two Wheeler Loan FAQs

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    What is a Two Wheeler Loan?

    A Two-Wheeler Loan enables you to buy a motorbike or scooter of your choice and pay for it in equated monthly instalments (EMIs). ICICI Bank offers Two-Wheeler Loans to both salaried and self-employed individuals.

    How can I Apply for a Two Wheeler Loan?

    You can apply for a Two-Wheeler Loan in the following ways:

    1. Visit the dealership store of the two-wheeler that you are interested in and connect with an ICICI Bank Representative.
    2. Visit any ICICI Bank Branch.
    3. Apply digitally through ICICI Bank Internet Banking. Available only for select ICICI Bank customers.

    What is the Maximum Amount I Can Avail through a Bike Loan?

    The maximum amount you can avail is 100% of the Two-wheeler’s on-road price.

    How can one Avail 100% Bike Loan finance?

    100% two-wheeler finance can be availed by ICICI Bank customers who have a pre-approved loan offer. We also offer the same to prospective customers based on proof of income.

    Who can Apply for an ICICI Bank Two Wheeler Loan?

    Anyone over 21 years of age can apply for an ICICI Bank Two-Wheeler Loan.

    What is the EMI on a Two Wheeler Loan?

    The EMI of a Two-Wheeler Loan depends on factors like the loan amount, tenure and interest rate. Use a Bike Loan EMI calculator to estimate your monthly payments accurately.

    What is the Interest Rate on a Two Wheeler Loan?

    Two-Wheeler Loan Interest Rates vary based on the loan amount, tenure and the borrower's creditworthiness. Interest rates of ICICI Bank Two-Wheeler Loans range from 10.25%* to 26.10%.*

    What is the Two-Wheeler Loan Application Process?

    The Two-Wheeler Loan application process involves filling out an application form, submitting the required documents (ID proof, address proof and income proof) and Bank verification.

    What is the Minimum Credit Score required for Two-Wheeler Finance?

    The minimum credit score required for Two-wheeler finance varies based on the lender. Generally, a score of 750 or above is considered favourable, but some lenders may offer loans to applicants with lower scores.

    Do I have the option to prepay the entire Two Wheeler Loan Amount?

    Yes, most lenders like ICICI Bank allow prepayment of the entire Two-wheeler Loan amount. However, there may be certain charges associated with any prepayment charges or specific conditions for the same. With ICICI Bank, it is 4% + applicable GST on the Principal outstanding.

    How can I reduce the processing fees of Bike Finance?

    You can pay a lesser processing fees by comparing offers from different lenders, negotiating with the lender for waivers or discounts and ensuring that you meet all the eligibility criteria to avoid additional charges.

    Who is eligible for a Two-Wheeler Loan?

    ICICI Bank offers Two-Wheeler Loans to Indian nationals aged between 21 and 65 years, whether they are salaried individuals or self-employed. Applicants must have a credit score of 700 or above to qualify for the loan.

    What are the other types of loans ICICI Bank offers besides the Two-Wheeler Loan?

    Apart from Two-Wheeler Loans, ICICI Bank provides a wide range of financing options, including Personal Loan, Home Loan, Car Loan, Business Loan and Education Loan. These loans cater to diverse financial needs and offer competitive interest rates and flexible repayment options.

    *Terms and Conditions apply

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